Nearly half of all deals at seed-stage in first half of 201647% of insurance tech deal activity took place at the seed/angel stage in H1’16, Series A deals, which included rounds to Insurance Zebra, Shift Technology, Embroker, and League among others, took 15% of all deals in the six-month period, while mid-stage deals (Series B-C) made up a combined 16% of deals. Interestingly, 9% of deals in the first half of 2016 went to corporate minority rounds including Allianz’s investment in product insurance startup Simplesurance and Intact Financial’s investment in per-mile insurance provider Metromile. US continues to dominate insurance tech deal activity63% of deal activity to the insurance tech market went to US-based startups in the first half of 2016. Germany, India and the UK each took 5%+ of deal share over the period, with no other country registering more than 3% of deal share.
Within the US only, New York, and California each saw the same amount of deals in H1’16 and three times more than any other state. Comments are closed.
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AuthorMatthias de Ferrieres has more than 15 years experience in the insurance industry in Asia. Archives
February 2018
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